VANGUARD SCOTTSDALE FDS

CUSIP: 92206c870 Class: BDFUND

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

Increased Positions (4)

Curbstone Financial Management Corp
Value ($000) $10,548 (+25.3%) Shares 125,952 (+25.8%)
Mengis Capital Management, Inc.
Value ($000) $1,786 (+34.5%) Shares 21,331 (+35.1%)
Ancora Advisors LLC
Value ($000) $498 (+90.1%) Shares 5,941 (+91.0%)
Pinnacle Wealth Management Advisory Group, LLC
Value ($000) $910 (+4.2%) Shares 10,867 (+4.6%)

Decreased Positions (1)

DEARBORN PARTNERS LLC
Value ($000) $1,274 (-3.7%) Shares 15,217 (-3.2%)

Exited Positions (1)

SONATA CAPITAL GROUP INC
Value ($000) $1 Shares 12,260